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Market power - Wikipedia
In economics, market power refers to the ability of a firm to influence the price at which it sells a product or service to increase economic profit. In other words, market power occurs if a firm does not face a perfectly elastic demand curve and can set its price (P) above marginal cost (MC) without
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Xem thêmIn economics, market structuredepicts how different industries are characterized and differentiated based upon the types of goods the firms sell (homogenous/heterogenous) and the nature of competition
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Xem thêmBy remaining consistent with the strict definition of market power as any firm with a positive Lerner index, the sources of market power is derived from distinctiveness of the
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Xem thêmMeasuring market power is inherently complex because the most widely used measures are sensitive to the definition of a market.
Magnitude of a firm's...
Xem thêmThe degree to which a firm can raise its price above marginal cost depends on the shape of the demand curve at a firm's profit maximising level of output. Consequently, the
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Xem thêm• Syverson, Chad. 2019. "Macroeconomics and Market Power: Context, Implications, and Open Questions." Journal of Economic Perspectives 33(3): 23-43.
• Brickley, Smith and Zimmerman (13 October 2008). "7". Managerial Economics and Organizational Architecture (3rd ed.)....
Xem thêmJean Tirole was awarded the 2014 Nobel Memorial Prize in Economic Sciences for his analysis of market power and economic regulation.
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Electricity market - Wikipedia
In economic terms, electricity is a commodity capable of being bought, sold, and traded. An electricity market, also power exchange or PX, is a system enabling purchases, through bids to buy; sales, through offers to sell. Bids and offers use supply and demand principles to set the price. Long-term contracts are similar to power purchase agreements and generally considered private bi-lateral transactions between counterparties.
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